Money of Mine Why The Mining Boom is Just Beginning (Hedley Widdup)
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Dec 2, 2025 Hedley Widdup, an investor and mining analyst, shares his insights on the evolving mining cycle. He discusses the recent gold price rallies and how they boost stock liquidity. The conversation includes the influence of central bank purchases and historical bull markets on price dynamics. Hedley explains current IPO trends as indicators for market liquidity and the shifting landscape of commodities, hinting at a bullish turn for micro-caps post-April 2025. He also highlights key mining stocks and the impact of investor pressure on major firms' strategies.
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Central Banks Underpin Gold Tightness
- Central bank buying underpins gold by absorbing volume and creating market tightness rather than directly setting price spikes.
- Investor demand and de-hedging historically drove major bull phases alongside central bank behaviour.
Two-Phase Gold Bull Markets
- Past gold bull markets were driven first by de-hedging then by central bank and investor demand following stimulus events.
- Supply constraints and shifts in production patterns amplified those price moves.
Gold Supply Is Inelastic, Ownership Is Unique
- Gold production has been flat for years, so small demand shifts can tighten the market quickly.
- Gold ownership is motivated by possession not consumption, making price less capped than industrial commodities.